A number of things have been written and talked about regarding Seymour Hoffman’s decision to not leave his millions to his three children. The late actor said he didn’t want them to become “trust fund children”. He shares that thinking with other famous people like Sting, Warren Buffett, former New York Mayor Michael Bloomberg and Microsoft founder Bill Gates. Some of them have other plans for the money, things like foundations to help individuals or worthwhile projects that need a boost. So are regular parents and grandparents making similar financial decisions for their family? We talk with a financial advisor on making the best decisions for the future of your savings.
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